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US Will Remove Xiaomi From Blacklist, Reversing Action by Trump

US Will Remove Xiaomi From Blacklist, Reversing Action by Trump WASHINGTON The U.S. Defense Department will remove China’s Xiaomi from a government blacklist, a court filing shows, marking a reversal by the Biden administration of one of former President Donald Trump’s last actions aimed at Beijing before exiting office. The court filing stated that the company and the U.S. government would agree to resolve their ongoing litigation, bringing to an end a brief conflict between the hardware company and Washington. A Xiaomi spokeswoman said the company is watching the latest developments closely, without elaborating. Shares in the company jumped more than 6 percent in Hong Kong as news of the decision spread. The company’s share price has tumbled roughly 20 percent since it was placed on the blacklist in January.

US will remove Xiaomi from blacklist, reversing jab by Trump

US will remove Xiaomi from blacklist, reversing jab by Trump Toggle share menu Advertisement US will remove Xiaomi from blacklist, reversing jab by Trump The U.S Defense Department will remove China s Xiaomi Corp from a government blacklist, a court filing showed, marking a reversal by the Biden administration of one of Donald Trump s last jabs at Beijing before exiting office. FILE PHOTO: The logo of Xiaomi is seen inside the company s office in Bengaluru, India, January 18, 2018. REUTERS/Abhishek N. Chinnappa/File Photo 13 May 2021 02:25AM Share this content Bookmark WASHINGTON: The U.S Defense Department will remove China s Xiaomi Corp from a government blacklist, a court filing showed, marking a reversal by the Biden administration of one of Donald Trump s last jabs at Beijing before exiting office.

Xiaomi shares up in Hong Kong after US removes it from blacklist

The Straits Times Xiaomi shares up in Hong Kong after US removes it from blacklist Xiaomi shares rocketed over 6 per cent in Hong Kong following the announcement, on May 12, 2021.PHOTO: REUTERS PublishedMay 12, 2021, 9:10 pm SGT https://str.sg/JvZr They can read the article in full after signing up for a free account. Share link: Or share via: Sign up or log in to read this article in full Sign up All done! This article is now fully available for you Read now Get unlimited access to all stories at $0.99/month for the first 3 months. Get unlimited access to all stories at $0.99/month for the first 3 months.

Chinese phone maker Xiaomi is off the US trade ban list, and its shares are soaring

Chinese phone maker Xiaomi is now off the US trade ban list that Trump put it on, and its shares are soaring kduffy@insider.com (Kate Duffy,Reuters) © Frederic J. Brown/AFP via Getty Images Then Vice President Biden met with Chinese President Xi Jinping at a California meeting aimed at strengthening Chinese investment in the state. China has now the lead in 5G infrastructure, but experts say don t count Silicon Valley out yet. Frederic J. Brown/AFP via Getty Images The US is taking China s Xiaomi Corp off its trade ban list, a court filing showed. This means Americans will be able to invest in Xiaomi - shares have already risen 6% since the news broke.

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